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Tag Archives: price fixing

The U.S. Justice Department reported Wednesday that the Swedish auto parts maker Autoliv has agreed to plead guilty in an auto parts price fixing conspiracy. It is the sixth company caught so far in the investigation. A Japanese executive has also agreed to take a guilty stance. Fixing costs of safety gear The Stockholm-based Autoliv Read on! →

A years-long federal investigation into auto industry price fixing collusion has so far failed to produce specific guilty parties. Some claim high vehicle prices are a product of the standard business cycle. Yet numerous industry experts believe they know where blame should be laid, and that’s with the automakers themselves, reports Automotive News. Automakers pressured Read on! →

The Detroit Free Press reports that Norihiro Imai, a top executive with the automotive parts supplier Denso Corporation, has pleaded guilty and will serve a year and a day in prison for acts of pricing fixing. Imai has admitted to conspiring with other market representatives to fix prices and manipulate bids for automotive heating control Read on! →

Drinking and driving are a deadly combination. If only more people could test their own blood alcohol count from the privacy of their own vehicle before putting the key in the ignition. Imagine how many lives could be saved. Better yet, don’t imagine it – do it. There are a number of ways to accomplish Read on! →

The Furukawa auto parts price-fixing scandal has caused a shakeup in the automotive industry. The ringleaders are facing prison, and the probe into the matter is widening. Ringleaders to face prison Years of investigation have led to the recent conviction of several executives of the Furukawa Electric Company for price fixing. According to the Boston Read on! →